Guys, look at this chart: $MET has gone absolutely berserk today.
I just opened Binance and froze—up from 0.31 to 0.52 so far, a 65% gain in a day. Over the past 24 hours, it went from a low of 0.30 to a high of 0.53—basically doubled in half a day. Even crazier is the funding rate. Check the second chart: that wick around midnight plunged straight to -0.51%, and it’s still sitting at -0.14%. Translation: every four hours, shorts are actively paying longs. The harder they’re paying, the more crowded the short side is.
I just dug through the backend data: the long/short account ratio is already down to 0.79, meaning there are more accounts short than long—and as the price rises, more people keep piling into shorts. Open interest is even crazier: in four hours, it jumped from 5.6 million U to 17.1 million U, tripling. This isn’t old positions pumping the price so they can dump; it’s fresh money coming in with ammo.
Why the sudden explosion? I’ve pieced together three factors: First, Meteora just announced DLMM Pro at Solana Summit, a new AMM product that takes capital efficiency up a notch. Second, the 20 million MET in LP Stimulus Season 2 incentives don’t end until October 21, and we’re right in the window when lockup-driven buying is strongest. Third, that class-action lawsuit from before was dismissed, clearing out the bearish news. Solana DEXs did 187 million in volume in a day, and all the sentiment is over here.
I’m holding a half-size long myself, and I’ve already moved my stop-loss to breakeven. The setup right now is basically “more crowded shorts + more fresh money coming in.” Until the funding rate turns positive, the bears are paying the bulls’ salaries. The previous high above is around 0.77, and beyond that is the $1 mark everyone’s talking about.
I’m not calling a trade here—moves like this can bite hard on the pullback, so manage your own position size. Do you think this run can really hit $1? Or are the shorts already lining up on the rooftop? Drop your position in the comments.
$MET #Meteora #Solana #合约 #山寨季 #MassivePump
I just opened Binance and froze—up from 0.31 to 0.52 so far, a 65% gain in a day. Over the past 24 hours, it went from a low of 0.30 to a high of 0.53—basically doubled in half a day. Even crazier is the funding rate. Check the second chart: that wick around midnight plunged straight to -0.51%, and it’s still sitting at -0.14%. Translation: every four hours, shorts are actively paying longs. The harder they’re paying, the more crowded the short side is.
I just dug through the backend data: the long/short account ratio is already down to 0.79, meaning there are more accounts short than long—and as the price rises, more people keep piling into shorts. Open interest is even crazier: in four hours, it jumped from 5.6 million U to 17.1 million U, tripling. This isn’t old positions pumping the price so they can dump; it’s fresh money coming in with ammo.
Why the sudden explosion? I’ve pieced together three factors: First, Meteora just announced DLMM Pro at Solana Summit, a new AMM product that takes capital efficiency up a notch. Second, the 20 million MET in LP Stimulus Season 2 incentives don’t end until October 21, and we’re right in the window when lockup-driven buying is strongest. Third, that class-action lawsuit from before was dismissed, clearing out the bearish news. Solana DEXs did 187 million in volume in a day, and all the sentiment is over here.
I’m holding a half-size long myself, and I’ve already moved my stop-loss to breakeven. The setup right now is basically “more crowded shorts + more fresh money coming in.” Until the funding rate turns positive, the bears are paying the bulls’ salaries. The previous high above is around 0.77, and beyond that is the $1 mark everyone’s talking about.
I’m not calling a trade here—moves like this can bite hard on the pullback, so manage your own position size. Do you think this run can really hit $1? Or are the shorts already lining up on the rooftop? Drop your position in the comments.
$MET #Meteora #Solana #合约 #山寨季 #MassivePump